| SEGMENT INFORMATION |
NOTE 12 – SEGMENT INFORMATION
Operating segments are defined
as components of an entity for which discrete financial information is available and is regularly reviewed by the Chief Operating Decision
Maker (“CODM”) in making decisions regarding resource allocation and performance assessment. The Company’s CODM is
its Chief Executive Officer. The Company determined it has two reportable segments, Ondas Networks and OAS, as the CODM reviews financial
information for these two businesses separately. The Company has no inter-segment sales. The following table presents segment information
for three and six months ended June 30, 2024 and 2023:
| |
|
Three Months Ended |
|
|
Three Months Ended |
|
| |
|
June 30, 2024 |
|
|
June 30, 2023 |
|
| |
|
Ondas
Networks |
|
|
OAS |
|
|
Total |
|
|
Ondas
Networks |
|
|
OAS |
|
|
Total |
|
| Revenue, net |
|
$ |
659,298 |
|
|
$ |
298,553 |
|
|
$ |
957,851 |
|
|
$ |
1,518,496 |
|
|
$ |
3,950,468 |
|
|
$ |
5,468,964 |
|
| Depreciation and amortization |
|
|
32,631 |
|
|
|
1,131,980 |
|
|
|
1,164,611 |
|
|
|
40,784 |
|
|
|
1,179,252 |
|
|
|
1,220,036 |
|
| Interest income |
|
|
49,818 |
|
|
|
37,458 |
|
|
|
87,276 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Interest expense |
|
|
350,184 |
|
|
|
353,367 |
|
|
|
703,551 |
|
|
|
270,739 |
|
|
|
237,437 |
|
|
|
508,176 |
|
| Stock based compensation |
|
|
190,606 |
|
|
|
217,391 |
|
|
|
407,997 |
|
|
|
280,979 |
|
|
|
1,358,890 |
|
|
|
1,639,869 |
|
| Net loss |
|
|
(4,114,419 |
) |
|
|
(4,155,317 |
) |
|
|
(8,269,736 |
) |
|
|
(3,932,756 |
) |
|
|
(5,025,330 |
) |
|
|
(8,958,086 |
) |
| Goodwill |
|
|
- |
|
|
|
27,751,921 |
|
|
|
27,751,921 |
|
|
|
- |
|
|
|
27,671,921 |
|
|
|
27,671,921 |
|
| Capital expenditure |
|
|
592,562 |
|
|
|
501,589 |
|
|
|
1,094,151 |
|
|
|
8,549 |
|
|
|
56,621 |
|
|
|
65,170 |
|
| Total assets |
|
$ |
12,648,854 |
|
|
$ |
69,872,082 |
|
|
$ |
82,520,936 |
|
|
$ |
7,915,713 |
|
|
$ |
76,645,866 |
|
|
$ |
84,561,579 |
|
| |
|
Six Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, 2024 |
|
|
June 30, 2023 |
|
| |
|
Ondas
Networks |
|
|
OAS |
|
|
Total |
|
|
Ondas
Networks |
|
|
OAS |
|
|
Total |
|
| Revenue, net |
|
$ |
971,130 |
|
|
$ |
611,730 |
|
|
$ |
1,582,860 |
|
|
$ |
2,648,698 |
|
|
$ |
5,416,257 |
|
|
$ |
8,064,955 |
|
| Depreciation and amortization |
|
|
57,731 |
|
|
|
2,282,162 |
|
|
|
2,339,893 |
|
|
|
76,528 |
|
|
|
2,374,890 |
|
|
|
2,451,418 |
|
| Interest income |
|
|
129,850 |
|
|
|
54,927 |
|
|
|
184,777 |
|
|
|
3,673 |
|
|
|
3,672 |
|
|
|
7,345 |
|
| Interest expense |
|
|
742,183 |
|
|
|
743,979 |
|
|
|
1,486,162 |
|
|
|
1,179,703 |
|
|
|
1,123,946 |
|
|
|
2,303,649 |
|
| Stock based compensation |
|
|
328,094 |
|
|
|
349,456 |
|
|
|
677,550 |
|
|
|
548,510 |
|
|
|
2,354,715 |
|
|
|
2,903,225 |
|
| Net loss |
|
|
(8,690,177 |
) |
|
|
(9,455,643 |
) |
|
|
(18,145,820 |
) |
|
|
(8,157,999 |
) |
|
|
(15,255,638 |
) |
|
|
(23,413,637 |
) |
| Goodwill |
|
|
- |
|
|
|
27,751,921 |
|
|
|
27,751,921 |
|
|
|
- |
|
|
|
27,671,921 |
|
|
|
27,671,921 |
|
| Capital expenditure |
|
|
957,382 |
|
|
|
1,324,855 |
|
|
|
2,282,237 |
|
|
|
8,549 |
|
|
|
56,621 |
|
|
|
65,170 |
|
| Total assets |
|
$ |
12,648,854 |
|
|
$ |
69,872,082 |
|
|
$ |
82,520,936 |
|
|
$ |
7,915,713 |
|
|
$ |
76,645,866 |
|
|
$ |
84,561,579 |
|
|